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Ratna orders a blanket based on …

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Ratna orders a blanket based on an advertisement given in a newspaper specifying the features price, delivery terms. It specify that terms of payment will be VPP only.The product turn out to be of good quality. a) identify this type of retail business B) explain any two advantages and two limitation of the business. what values were presented by the company which provide the product to Ratna

Posted by Riya Riya 5 years ago

CBSE > Class 11 > Business Studies

1 answers

Gaurav Seth 5 years ago

Mail Order Houses

Two Advantages
i. They can be started with low amount of capital.
ii. They don't require the services of middle man so they are eliminated.

Two Disadvantages
i. There is no personal contact between buyers & sellers.
ii. They rely heavily on advertisement (or any other appropriate advantage or disadvantage)

Values : Providing quality product (or any other appropriate value)

ANSWER

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